Novanta: 2Q Earnings Snapshot
BEDFORD, Mass. (AP) _ Novanta Inc. (NOVT) on Wednesday reported second-quarter earnings of $11 million.
The Bedford, Massachusetts-based company said it had net income of 32 cents per share. Earnings, adjusted for one-time gains and costs, were 51 cents per share.
The photonic and motion control components maker posted revenue of $150.4 million in the period.
For the current quarter ending in October, Novanta expects its per-share earnings to range from 50 cents to 53 cents.
The company said it expects revenue in the range of $153 million to $156 million for the fiscal third quarter.
Novanta expects full-year earnings in the range of $1.96 to $2.02 per share, with revenue ranging from $600 million to $607 million.
Novanta shares have risen 34 percent since the beginning of the year. The stock has increased 75 percent in the last 12 months.